Fundamentals of scale

Michael S. Wynn-Williams

Chapter Chapter 2 in Surfing the Global Tide, 2009, pp 20-40 from Palgrave Macmillan

Abstract: Abstract In the course of defining the generic structure of a mass-market automobile manufacturer it is necessary to establish the forces that form the company. These give the firm the structure and size of its operations. The organizational structure of the firm is defined by the degree of vertical integration, involving the decision whether to source production externally or produce internally, known as the make-or-buy decision. The size of operations is defined by the available economies of scale which encourage the firm to adjust output to a point where costs per unit are minimized.

Keywords: Plant Size; Average Cost; Cost Curve; Unit Production Cost; Multiplant Firm (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23359-1_2

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DOI: 10.1057/9780230233591_2

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